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Paychex Buys Hawthorne Benefit Technologies

Paychex Inc., which did nearly $2 billion in sales in its last fiscal year, said it acquired San Diego-based Hawthorne Benefit Technologies Inc. and its online employee benefits management system, BeneTrac, for an undisclosed price, the company said Sept. 13.

Founded in 1999 by Jerry and Jan Hawthorne, the company had 50 employees, all of whom are being retained by Paychex, which is operating the firm under the name Paychex Benefit Technologies Inc.

With the addition of the new employees, Paychex now has 225 workers in the county.

BeneTrac’s Web-based systems permit administrators and employees 24-hour access to employment and benefits data, the ability to conduct open enrollment sessions online, and do customized reports.

Headquartered in Rochester, N.Y., Paychex is a provider of payroll, human resources and benefits outsourcing systems for small- to medium-sized businesses. For the year ended May 31, the company reported revenue of $1.9 billion, and had more than 12,000 employees working in more than 100 offices nationwide.

— Mike Allen

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  February 8-14, 2010
SDBJ News
CONNECT Goes to Washington
Most high-tech entrepreneurs and innovators don’t have time to put on a tie and sit through a three-hour meeting about policy issues in Washington, D.C. They are too busy creating the next generation of digital mobile applications and lifesaving health care products, and creating jobs for the new innovation economy. There has not been a strong voice or presence in the nation’s capital to represent these innovators, who neither have the money nor bandwidth to lobby or educate representatives on their needs and interests — until now.
S.D. Companies Race to Build Gene Machines
Technology contenders in the race to decode a person’s entire genetic makeup for less than $1,000 have been making gains in recent months, signaling that the finish line isn’t far ahead.
Conference Focuses on Methods to Combat Cyber Attacks
The creative and destructive power of the Internet emerged as a major topic of the West 2010 military conference, sharing the stage with more time-honored topics such as ships and naval strategy.
Scripps Health Issues $220M in Revenue Bonds
Scripps Health, currently in the middle of a building spree intended to bring its aging health care facilities up to date while accommodating future population demands, sought help financing its projects through the public markets last week.
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